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Banking sector forint liquidity falls in March

Banking

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Forint liquidity of Hungary's banking sector fell in March, reflected by a decline in lenders' one-week deposits with the central bank, monthly data released by the National Bank of Hungary (MNB) on Thursday show.

The average stock of one-week deposits stood at HUF 9.202 trillion in March, down HUF 10.474 tln from the previous month.

MNB noted that average balances on lenders' reserve accounts exceeded the HUF 370.2 bln requirement by HUF 10.5 bln during the month.

The monthly data show average stock of currency in circulation reached HUF 8.315 tln in March, rising HUF 324 bln from a month earlier.

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